Centerpoint Energy Inc Stock Price, News & Analysis

Enable Midstream Partners (NYSE: ENBL) will file its third quarter 2021 results before market hours on Monday, Nov. 1. Along with the Form 10-Q filing, the partnership will issue a press release detailing the quarter's results and recent business highlights.

Enable operates over 14,000 miles of natural gas, crude oil, and water gathering pipelines, boasting a processing capacity of approximately 2.6 Bcf/d and significant storage capabilities of 84.5 billion cubic feet.

CenterPoint Energy (NYSE: CNP) appointed Raquelle W. Lewis to its Board of Directors, effective September 29, 2021. With over 25 years in communications and community outreach in transportation and infrastructure, Lewis currently leads communications for the Texas Department of Transportation's Southeast Region, managing key projects worth over $9 billion. Board Chair Martin Nesbitt highlighted her expertise as critical for executing the company's $40 billion capital plan. Lewis expressed her commitment to enhancing the company's performance and value for customers and shareholders.

CenterPoint Energy, Inc. (NYSE: CNP) announced an increase in its quarterly cash dividend from $0.16 to $0.17 per share. The new dividend will be paid on December 9, 2021, to shareholders recorded as of close on November 18, 2021. This decision highlights the company’s commitment to delivering shareholder value and reflects its solid financial performance.

CenterPoint Energy, Inc. (NYSE: CNP) will host its Third Quarter 2021 Earnings Conference Call on November 4, 2021 at 7:00 a.m. Central time. The company, a key player in Texas's electric and gas utility sector, serves over 7 million metered customers across multiple states. With approximately $36 billion in assets and a significant stake in Enable Midstream Partners, CenterPoint has a longstanding operational presence of over 150 years.

CenterPoint Energy (NYSE: CNP) announced a $1 million charitable contribution through its foundation to support environmental organizations. The Nature Conservancy and The Arbor Day Foundation will each receive $500,000 for initiatives including restoration of the Mississippi River and environmental education for students. This commitment aims to build sustainable futures in the communities served by CenterPoint. CEO Dave Lesar emphasized the company's dedication to excellence and sustainable practices as part of their goal towards a net-zero economy.

CenterPoint Energy, Inc. (NYSE: CNP) will host an Analyst Day on September 23 at 9:00 AM CT to discuss its long-term financial outlook and business strategy, including net zero emissions targets. The event will be available via a live webcast on the company's website, alongside accompanying slides. A replay will be accessible within 24 hours post-event. As of June 30, 2021, CenterPoint serves over 7 million customers across multiple states with approximately $36 billion in assets and holds a 53.7% stake in Enable Midstream Partners (NYSE: ENBL).

CenterPoint Energy (NYSE: CNP) announced on August 25, 2021, that its Indiana branch has requested approval from the Indiana Utility Regulatory Commission for two power purchase agreements (PPAs) for 335 megawatts (MW) of solar energy. This plan includes a 15-year PPA for 185 MW from Oriden in Vermillion County and a 20-year PPA for 150 MW from Origis Energy in Knox County, with both expected to be operational by 2023. The initiative is part of CenterPoint's strategy to enhance its renewable energy portfolio, potentially serving 70,000 homes and resulting in $320 million in customer savings over 20 years.

CenterPoint Energy, Inc. (CNP) reported a second-quarter 2021 income of $221 million, or $0.37 per diluted share, up from $59 million, or $0.11 per diluted share, in Q2 2020. Non-GAAP earnings were $0.36 per diluted share, driven by utility operations and midstream investments. The company raised its 2021 Utility EPS guidance to $1.25-$1.27, indicating an 8% growth target. CenterPoint invested $1.5 billion in the first half of 2021, expecting to reach $3.4 billion for the year. The company will outline its long-term strategy on September 23, 2021.

CenterPoint Energy (NYSE: CNP) announced a new independent board governance structure, appointing Martin Nesbitt as the independent chairman. This transition eliminates the Executive Chairman position, with Milton Carroll departing immediately as Executive Chairman and director. Following shareholder feedback, the Board aims to enhance governance while advancing its strategic plan. A multi-year retention agreement was established with CEO Dave Lesar to ensure leadership continuity. The company aims to leverage capital investment opportunities and focuses on exiting midstream investments while pursuing renewable energy growth.